Contact:
BlueCross – Alison Sexter, 423-535-3134
Hamilton County Mayor – Mary Francis Hoots, 423-680-0344
CHATTANOOGA, Tenn. – BlueCross BlueShield of Tennessee (BlueCross) today announced it has selected a $10 million bid from Hamilton County officials to purchase the Gateway property at 401 W. M.L. King Blvd.
“The county put forward a competitive bid and a bold vision for the site,” said chief human resources officer Roy Vaughn, whose role includes oversight of corporate properties and services. “We are excited about the future possibilities for Gateway given our history of supporting local education.”
Hamilton County’s bid is contingent on a majority vote by the county commissioners. With their affirmative votes, the company expects the transaction to close in the coming months and to transfer the property to the county in early 2024.
“This is a defining moment for Hamilton County,” said Hamilton County Mayor Weston Wamp. “We are grateful for BlueCross BlueShield’s decision and are honored to be part of this opportunity to make a historic investment in public education. Working alongside our County Commissioners and Hamilton County Schools, we are committed to transforming the Gateway into a state-of-the-art school where students are prepared for successful careers.”
About BlueCross®
BlueCross BlueShield of Tennessee is a taxpaying, not-for-profit health plan serving more than 3.4 million members in Tennessee and around the country. The Chattanooga-based company was founded in 1945 and has brought peace of mind to its members and local communities for more than 75 years. BlueCross BlueShield of Tennessee Inc. is an independent licensee of the BlueCross BlueShield Association. For more information, visit the company’s news center at bcbstnews.com.